Fed Govt rakes in N1.6b to tackle virus

Designated banks have received over N1.6 billion for COVID-19 eradication for the Federal Government in two months.

The Office of the Accountant-General of the Federation (OAGF) stated this on Monday in Abuja while giving details of the donations received through Deposit Money Banks (DMBs) and the Central Bank of Nigeria (CBN)/ Treasury Single Account (TSA) account.

According to the OAGF, N1,689,757,489.87 was received as COVID-19 eradication support donations from 1st April to 31st May, through designated commercial banks accounts and the CBN/TSA.

The Federal Government, through the OAGF, opened commercial banks accounts, in addition to the CBN/TSA account, through which donations to support the eradication of the COVID-19 in Nigeria could be made to ensure effective and efficient coordination and management of the funds.

A breakdown of the N1,689,757,489.87, shows that N792,121,613.89 was received from 1st April to 8th May, and N897,635,875.98 was received from 9th May to 31st May.

From the N897,635,875.98 received from 9th May to 31st May, the total amount received through commercial banks was N710,076,331.60. The total received through CBN/TSA was N187,559,544.38.

From 9th May to 31st May, N100,005,000.00 was received through Zenith Bank, N507,753,731.60 was received through First Bank, N2,210,100.00 was received through Access Bank and N100,107,500.00 was collected through GT Bank.

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